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14 September 2026

Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO

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Source reporting: The Guardian World

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Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO

Public offering of Aliko Dangote’s Nigerian oil refinery business could swell his net wealth by two thirds The fortune of Africa’s richest person could swell by two thirds to nearly $60bn (£44bn) after his refinery in Nigeria listed publicly in the continent’s biggest-ever initial public offering. If Monday’s flotation of Dangote Petroleum Refinery and Petrochemicals goes to plan, then Aliko Dangote will add another $23bn (£17bn) to his $35bn net worth.

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